Terrace Homes for Sale

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The short answer

Terrace is a community of about 48 homes in Phoenix, Arizona, mostly condominiums and townhomes, built mostly from 2005 to 2017. Typical homes are about 1,799 square feet. The median recorded sale since January 2024 was $498,000, across 5 sales.

Source: Maricopa County Assessor parcel records, accessed November 3, 2026, calculated by Arizona Luxury Partners.

Terrace at a glance

From county records for the homes inside the community boundary.

48
Homes
2005 to 2017
Most homes built
1,799 sq ft
Median home size
$498,000
Median recorded sale since 2024

About Terrace

Where it is, what the homes are like, and who serves it.

Terrace outlined in navy. Boundaries follow the recorded subdivision plats and are approximate. Open it on the Maricopa County community map.
Homes
About 48
Home types
All condominiums and townhomes
Year built
2005 to 2017 (10th to 90th percentile), 2004 to 2017 overall
Home size
Typically 1,702 to 1,996 square feet, median 1,799
Pools
About 0% of homes have a pool
ZIP code
85016
School districts
Creighton Elementary School District, Phoenix Union High School District
Boundaries
Bounded by Indian School Road on the north, Thomas Road on the south, 24th Street on the east and Piestewa Freeway on the west.
Recorded sales since January 2024
5 sales, median $498,000, typical range $389,000 to $532,000

Neighborhoods and recorded plats in Terrace

The recorded subdivisions that make up the community, largest first.

  • Terrace Condominiums At Green Gables Phase 2 2nd Amd, about 20 homes
  • Terrace Condominiums At Green Gables, about 17 homes
  • Terrace Condominiums At Green Gables Phase 2 Amd, about 11 homes

Related pages

Nearby communities, the ZIP code and city, and the countywide map.

Terrace questions, answered

Where is Terrace?

Terrace is in Phoenix, Arizona, ZIP 85016. Bounded by Indian School Road on the north, Thomas Road on the south, 24th Street on the east and Piestewa Freeway on the west.

How many homes are in Terrace?

About 48 homes, according to Maricopa County Assessor records accessed November 3, 2026. All are condominiums or townhomes.

When were homes in Terrace built?

Most homes were built mostly from 2005 to 2017. The oldest home on record was built in 2004 and the newest in 2017.

How big are homes in Terrace?

Most homes are about 1,702 to 1,996 square feet, with a median of 1,799 square feet.

What school districts serve Terrace?

Creighton Elementary School District and Phoenix Union High School District. School boundaries can change, so confirm the assigned schools for a specific address with the district.

What do homes in Terrace sell for?

The median recorded sale price since January 2024 was $498,000, across 5 sales, with most sales between $389,000 and $532,000, according to Maricopa County records. Bulk sales of three or more homes at once are excluded. Ask us for current MLS prices on the homes you are considering.

How does this page define Terrace?

The boundary and home figures follow the recorded subdivision plats that make up Terrace: Terrace Condominiums At Green Gables Phase 2 2nd Amd, Terrace Condominiums At Green Gables and Terrace Condominiums At Green Gables Phase 2 Amd. The live search shows MLS listings whose subdivision name includes Terrace, in ZIP 85016. Figures were calculated by Arizona Luxury Partners from Maricopa County Assessor parcel records accessed November 3, 2026.

Thinking about Terrace?

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Tell us what you are looking for and we will send new Terrace listings that fit, along with the sales data behind each one. White-glove service at every price point.

Sources

  1. Maricopa County Assessor parcel records for the single family homes, condominiums and townhomes inside the Terrace boundary, accessed November 3, 2026: home counts, year built, sizes, lots, pools, ZIP codes and school districts. Ranges are the 10th to 90th percentile.
  2. Maricopa County recorded subdivision plats, used for the community boundary and the list of recorded plats.
  3. Maricopa County recorded sale prices since January 1, 2024, over $75,000, excluding deeds that moved three or more parcels at one price.
  4. ARMLS via Flexmls for the live listing search.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is provided by the Arizona Regional Multiple Listing Service and may not reflect all real estate activity in the market. Community boundaries are approximate and follow recorded subdivision plats. Confirm the city, HOA, and assigned schools for a specific address. This page is for general information only and is not financial, lending, legal, or tax advice. Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties, 21020 N. Pima Road, Scottsdale, AZ 85255. Office 480.766.1515. Brokerage License LC629808000. Equal Housing Opportunity.

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